The Setup (SHORT $QUICK):

• Entry Zone: $0.00822 – $0.00835

• Invalidation / Stop Loss: $0.00850

• Target 🎯 1: $0.00805

• Target 🎯 2: $0.00790

• Target 🎯 3: $0.00776

The Market Narrative:

QuickSwap (QUICK) is showing clear signs of momentum loss after getting rejected at the $0.00859 resistance ceiling. Heavy buyer exhaustion has triggered a wave of profit-taking, opening the door for a deeper corrective move back toward lower demand zones.

The Technical Breakdown:

On the 1-hour chart, $QUICK printed a lower high rejection after failing to hold above the $0.00850 range high. The subsequent downside impulse broke through immediate local horizontal support near $0.00830 with strong red candles, confirming a shift from accumulation to local distribution.

With sellers now stepping in on every minor bounce, the market structure favors a continuation downward as long as QUICK stays capped below the $0.00850 invalidation level. Entering on relief retests into $0.00822–$0.00835 offers a solid risk-to-reward setup targeting local liquidity at $0.00805 and the key demand floor down at $0.00776.

Do you think $QUICK holds $0.0080 support on this drop, or are we going straight for a full retest of $0.00776? Drop your thoughts below! 👇

#cryptotrading $QUICK #altcoins #TechnicalAnalysis

Disclaimer: This is for educational purposes only and is not investment advice. Always do your own research and manage your risk.